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Oleksandr Pylypenko

Nasdaq Futures Climb on Upbeat Micron Results and Fed Rate Cut Signals, U.S. PMI Data and Nike Earnings in Focus

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June Nasdaq 100 E-Mini futures (NQM24) are trending up +0.66% this morning as investors cheered forecast-beating quarterly results and guidance from Micron as well as the Fed’s unchanged projection for three rate cuts this year while also awaiting U.S. business activity data and earnings reports from Nike and FedEx.

Micron Technology (MU) surged over +17% in pre-market trading after the memory maker reported upbeat Q2 results and issued above-consensus Q3 guidance. “We believe Micron is one of the biggest beneficiaries in the semiconductor industry of the multiyear opportunity enabled by AI,” Chief Executive Officer Sanjay Mehrotra said in the statement.

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